会员登录 - 用户注册 - 设为首页 - 加入收藏 - 网站地图 Import prices up for 3rd month in September on higher oil prices!

Import prices up for 3rd month in September on higher oil prices

时间:2023-11-30 02:32:49 来源:슈가 슬롯 作者:음악 阅读:319次

South Korea's import prices rose for the third straight month in September due to the higher price of crude oil, central bank data showed Tuesday.

The import price index rose 2.9 percent last month from a month earlier following a 4.2 percent rise and a 0.2 percent advance in August and July, respectively, according to the preliminary data from the Bank of Korea.

In August, the index spiked by the most in 17 months.

From a year earlier, the prices fell 9.6 percent, the data showed.

Import prices are a major factor that determines the path of the country's overall rate of inflation.

The Dubai crude price, South Korea's benchmark, stood at $93.25 per barrel in September, up from $86.46 the previous month, according to the central bank.

The import prices of raw materials rose 5.7 percent, while those for intermediate goods gained 2 percent.

The export price index also rose 1.7 percent in September, marking a rise for the third straight month.

Meanwhile, South Korea's consumer prices accelerated by the most in five months in September, driven by higher oil costs and rising prices of some farm goods.

Consumer prices, a key gauge of inflation, rose 3.7 percent last month from a year earlier, accelerating from a 3.4 on-month rise in August.

In August, the BOK kept its key interest rate unchanged at 3.5 percent for the fifth straight time. The central bank delivered seven consecutive rate hikes from April 2022 to January 2023. (Yonhap)

(责任编辑:스포츠)

推荐内容
  • Celltrion partners with US pharmacy chain for Yuflyma sales
  • Netflix to release ‘Daily Dose of Sunshine’ in November
  • S. Korea sweeps up 2 gold medals at stake in recurve team events
  • Unification ministry urges NK to immediately send detained S. Koreans back home
  • 탄약 찾는 러…국방부 "北컨테이너 적재량, 포탄 수십만발 분량"
  • [Weekender] Waiting on the North: Unified Korean dictionary project's long journey